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Wednesday, November 11 - 2009

Limitless backs Saudi Travel & Tourism Investment Market with $200,000 sponsorship deal

  • United Arab Emirates: Sunday, March 02 - 2008 at 11:46
  • PRESS RELEASE

Limitless, the global master development arm of Dubai World, is investing more than $200,000 to sponsor this year's Saudi Travel and Tourism Investment Market (STTIM), taking place in Riyadh in March.

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  • Al Wasl.
    Al Wasl.
The sponsorship underpins Limitless' commitment to Saudi Arabia, where the company plans a series of distinctive, tailor-made developments including Al Wasl, the $12bn, 14 million square metre new community near Riyadh, to be showcased at STTIM.

Abdul Salam Al Jassmi, Country Manager for Limitless in Saudi Arabia, said:

"Our strategic sponsorship of STTIM shows how seriously we are taking KSA. We are planning multiple projects here that draw on our core skills of master planning large, mixed-use developments, fit the growing real estate needs of the country and bring economic benefits by creating thousands of new jobs."


"Saudi Arabia's population explosion is creating a massive demand for new homes. In Riyadh alone, the population is growing by 150,000 - three per cent - every year, with 50,000 new homes needed annually. Around five million people live in Riyadh today: in 20 years the figure will rise to over seven million if the population continues to grow at current rates."

Al Wasl - tailor-made to reflect traditional Saudi culture and offer a modern, self-sustaining community - will accommodate 200,000 people, with around 60,000 homes, as well as offices, hotels, mosques, health and educational facilities, shopping malls and sports amenities.

STTIM takes place at the Al Faisaliah Hotel, Riyadh, from 23-27 March.
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Notes and media contacts

Media enquiries: Rebecca Rees on +971 4 375 9733

Limitless LLC, a Dubai World company, is an integrated global real estate developer across all market segments, delivering distinctive, sustainable developments. Established in July 2005 and built upon the philosophy of 'delivering distinction', Limitless has three specific areas of expertise: master planning large urban communities, waterfront development and the implementation of large scale balanced projects.

Limitless projects

Malaysia International Halal Park, Selangor State, Malaysia: The world's first fully-integrated Halal centre and one of two projects for Limitless in Malaysia, this 1115 hectare complex includes homes for 200,000 people, food manufacturing plants, training and research centres, offices, entertainment and retail facilities

Limitless Towers, Amman, Jordan: $300m, 200 metre residential twin towers that will be the tallest buildings in Jordan. Towers will be connected by the world's highest suspended swimming pool, 125 metres above Amman. First 'green' building in the country, with 600 luxury apartments as well as a retail, entertainment and leisure plaza

Moscow, Russia: 113 hectare development near Moscow, with 4,500 homes as well as schools, retail and commercial elements. The project is a 50-50 joint venture with leading Russian developer RDI, and will accommodate around 12,000 people

Residential North, Puteri Harbour, Malaysia: $450m, 44 hectare development of landed waterfront homes - with individual berthing - and high-end condominiums. A 60-40 joint venture with UEM Land, this will be the country's first luxury waterfront enclave

Al Wasl, Riyadh, Saudi Arabia: $12bn, 1,400 hectare mixed-use development near Riyadh, including 60,000 homes as well as mosques, educational facilities, offices, shopping malls and hotels

Arabian Canal, Dubai, UAE: $11bn, 75 km man-made waterway - the biggest and most complex civil engineering project ever undertaken in the Middle East. Limitless is also master planning a $50bn, 20,000 hectare canalside 'city' as part of the project
Bidadi, Bangalore, India: $12bn, 4,000 hectare mixed-use development, including 1,000 hectares of office/commercial space, near Bangalore. The first of five new towns planned by the Government for the outskirts of the city, Bidadi will provide house up to 750,000 people

Halong Star, Halong Bay, Vietnam: $220m, 125 hectare mixed-use development with residential units, hotels, and education, cultural and recreational facilities, overlooking Halong Bay, a UNESCO-sanctioned world heritage site
Downtown Jebel Ali, Dubai, UAE: $13bn, 200 hectare sustainable, mixed-use development consisting of four quarters, each with its own iconic, individually-themed plaza. Downtown Jebel Ali will have nearly 330 buildings, including 237 residential towers

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